Police report Douyu CEO's arrest: Chen Moujie was arrested on suspicion of opening a casino.

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! According to CTOnews.com news on November 22, Douyu announced yesterday that Mr. Chen Shaojie, CEO of the company, was arrested by Chengdu police around November 16, 2023. The company has not received any formal notification of the reasons for the investigation of Mr. Chen or the apparent arrest of Mr. Chen.

Today, the Dujiangyan Public Security Bureau in Chengdu issued a notice: "after investigation, our bureau found that Chen Moujie (male, 39 years old) was suspected of opening a casino. At present, Chen Moujie has been arrested in accordance with the law. The case is under further investigation."

Douyu said that Mr. Chen's continued detention and any subsequent legal proceedings and enforcement actions against interested parties could have a significant adverse impact on the company's reputation, business and operating results.

CTOnews.com noted that as a listed company CEO, Chen Shaojie last appeared in public when he attended the company's second-quarter earnings analysis conference call in August. According to public data, Chen Shaojie was born in Jinan in 1984. In 2010, he bought the domestic "two-dimensional website ancestor" A station, and set up the A station's "Health and delivery" channel. Four years later, he independent the channel from Station An and renamed it "Douyu TV".